HighTower Advisors LLC Raises Holdings in Chart Industries, Inc. (NYSE:GTLS)

HighTower Advisors LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 158.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,683 shares of the industrial products company's stock after acquiring an additional 20,038 shares during the quarter. HighTower Advisors LLC owned about 0.08% of Chart Industries worth $6,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Harbour Investments Inc. lifted its stake in shares of Chart Industries by 251.7% in the third quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company's stock worth $191,000 after acquiring an additional 1,100 shares during the period. GSA Capital Partners LLP bought a new stake in Chart Industries in the third quarter worth approximately $210,000. Natixis Advisors LLC increased its holdings in Chart Industries by 8.4% in the third quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company's stock worth $2,706,000 after purchasing an additional 1,692 shares in the last quarter. Swiss National Bank increased its holdings in Chart Industries by 0.6% in the third quarter. Swiss National Bank now owns 83,600 shares of the industrial products company's stock worth $10,378,000 after purchasing an additional 500 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Chart Industries in the third quarter worth approximately $860,000.

Chart Industries Stock Down 0.0 %

Shares of NYSE:GTLS traded down $0.00 during mid-day trading on Friday, hitting $155.34. 1,060,387 shares of the company traded hands, compared to its average volume of 661,331. The stock has a market cap of $7.10 billion, a P/E ratio of 45.03, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a 50-day moving average price of $186.85 and a two-hundred day moving average price of $166.38.

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Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Linda S. Harty acquired 500 shares of the business's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock valued at $160,845 over the last 90 days. Insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

GTLS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. TD Cowen lifted their target price on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Barclays boosted their price objective on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and an average target price of $196.08.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.